Chase nets $2.75 million
Chase Resource (VSE) has received $2.75 million following the exercise of certain series A warrants and non-transferable agents warrants. About 1.5 million warrants were originally issued as part of a…
Articles by Northern Miner Staff
Serem adds to Cheni Gold position
French government-controlled Serem has bought an additional 1.4 million shares of Cheni Gold Mines (TSE) in accordance with a 1992 subscription agreement. Serem, which is based in Paris, can buy up to…
Asarco hurt by low metal prices; NEWS IN BRIEF
Desert Gold Resources (DGR:VSE) has changed its name to Desert Holdings Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Drilling completed by Hillsborough at El Oro
Partners Hillsborough Resources (TSE) and publicly owned Industrias Luismin S.A de C.V. have completed the initial phase of exploration drilling on the San Rafael vein in Mexicos El Oro gold district….
TORONTO STOCK EXCHANGE INDICES (August 09, 1993)
Week Aug 3 Aug 2 Ju1 30 Jul 29 Jul 28 High Low Composite”300″ 3976.50 N/A 13967.23 3957.55 3923.10 13979.05 3918.72 Metals&Minerals 3006.45 N/A 12932.49 2916.27 2920.94 13007.28 2916.27 Integrated Min…
More job losses at Trail smelter
Toronto-listed Cominco has laid off 190 union employees at its smelter complex in Trail, B.C., bringing the total number of layoffs this year to 285. The company said the job losses are part of a cont…
Taylor Rand, Polyore to merge
Taylor Rand, an affiliate of Madison Grant Resources (CDN), has agreed to amalgamate with Polyore Capital (CDN). Taylor Rand and Polyore shareholders will be able to exchange their shares with the new…
Mixed results for DHK
Salt Lake City, Utah-based Kennecott has released results from seven kimberlite pipe targets drilled this summer on the DHK project in the Northwest Territories. The verdict: mixed. The latest results…
NEWS ROUNDUP — Cornucopia buys Drinkwater project
Having completed a due diligence review, Cornucopia Resources (TSE) has exercised its option to acquire the Mary-Drinkwater gold project near Silver Peak, Nev. The company paid US$230,000 for the prop…
Champion drilling Hachita project
A 12,000-ft. drill program is testing five separate gold skarn targets, identified by geophysics and surface sampling, on the Hachita property in the southwest corner of New Mexico. The 24-hole progra…
EDITORIAL PAGE — Give us a break
We are a high-wage, highly educated society. We cant simply rely on shipping out our natural gas and crude oil and lumps of rock. So says Robert Fairholm, managing economist at DRI/McGraw-Hill in Toro…
COMMENTARY — The diamond-cobalt bond
Diamonds are still the hardest substance available for cutting, but only in a few cases (for example, wheel dressing) are large stones used on their own. Most diamond tooling is made in a manner simil…